Wedbush Maintains Neutral on Wendy's, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Nick Setyan maintains a Neutral rating on Wendy's (NASDAQ:WEN) and lowers the price target from $21 to $20.

February 07, 2024 | 7:21 pm
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Wedbush analyst Nick Setyan maintains a Neutral rating on Wendy's and lowers the price target from $21 to $20.
The reduction in price target by a reputable analyst like Nick Setyan could lead to a negative short-term sentiment among investors, potentially causing a decrease in Wendy's stock price. The Neutral rating suggests no significant upside or downside, but the lowered target indicates a tempered expectation of the company's stock performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100